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The major index composites in the United States finished in the green as of last session close. The Nasdaq finished higher by 38.12 points. The Dow Jones Industrial Average moved higher by 84.54 points and ended the session at 12,170.56. The S&P 500 ended higher as well by 12.12 points. The major indexes have been trending higher this week and the more positive trending has helped the market make up losses that posted since the disaster in Japan. Positive corporate earnings reports along with data revealing that applications for first time unemployment benefits dropped was well received. This news helped ease other concerns that investors had, or at least temporarily divert their attention from the ongoing crisis in Japan and the Middle East. The positive trending is expected to continue as we move into the day’s trading. Today, the University of Michigan Consumer Sentiment Index will post. The index will give an indication of consumer sentiment across America. In addition to this report, the Commerce Department will report on the progression of our economy during the fourth quarter. Fourth quarter U.S. gross domestic product data will post this day and it is not anticipated that it will change much from the last reading. Currently, prior to opening bell, stock market tracking reveals that stock futures are posting in the green. The Dow Jones is posting green by .22 percent. U.S. stocks are positioned for a higher opening this day. Author: Frank Matto
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